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20121202
20121210
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just lost re-election and the eight or so seats. on the other hand, he still has a very diverse caucus in terms of ideology and it's going to be very difficult. you'll notice in hiss comments he didn't say no to 37%. that said, if he agreed to 37% and he's basically bilateral talks with the president, who says the kwaux is going to approve that. he could end up with a lot of egg on his face if he agrees with the president on this, they go forward with the vote, and it doesn't pass. >> david, the office of management and budget, omb, asking government agencies to figure out what they would cut if we do go over this fiscal cliff. talking a trillion dollars in cuts over ten years. that would mean furloughs for some federal workers, slower hiring, outside contracting, the closer we get to the cliff, the more real it begins to seem. how does that then change the negotiations? >> well, i think it's all part of the political pressure the white house is trying to apply to the congressional republicans. we saw the same thing in '11 when we had the near government shutdown and the dispute over t
the fiscal cliff. right after the election wall street dropped 5% when everybody suddenly focused on the fiscal cliff and realized that this was a problem. but since then it's kind of bumped along at this sort of level. i don't think wall street is at all sanguine about the idea that if we went over the fiscal cliff, life would go on as we know it and everything would be fine. >> one of the things that was really interesting to me to bear out that point is ken conrad yesterday who's been so down, i mean, he's leaving the senate. he's done this for seven years. they can't produce deals. and yesterday when i interviewed him, joe, he said i think we're going to make this. i think the boehner offer had significant indicators that something here is going on, and they're going to come together. >> also, kent conrad, a guy -- i've loved him for a long time, deficit hawk. they haven't allowed him to put a budget out for years. he's growing frustrated. i'm sure he's going to be glad to leave. but i was surprised by that as well. you see also, sam stein, republicans are now starting to real
at that time. the republicans held a lot of the cards. this time it's very different. president came off the re-election. that's why you see the president holding the hard line. a lot of pressure on the president to hold his hard line even from his left. i think you'll continue to seat president do so. it's going to be up to the republicans to feel whether he has enough pressure, i think the white house is encouraged that some republicans have broken ranks and are starting to say let's look at other opportunities to maybe raise rates. >> we'll talk about the ultimate in breaking ranks if you will. molly, i want to ask you about the surprising resignation of tea party favorite jim demint. it seems kind of sudden. why now? >> everybody was surprised about this. but i seems in the aftermath of the election the republicans are still in the minority of the senate. demint was in the minority of the minority. that's not a very powerful place to be. demint always known as a bomb thrower, someone who liked to make trouble. he figured he's probably correct about this he could have more power and influence and be
's suggestion that these are really big issues and very big decisions that should be made by our elected representatives in the senate and in the house. i'm not sure i like this idea that the president and the house majority leader, a republican, get to meet behind closed doors and get to make enormous fiscal decisions just between the two of them. >> do you think more would get done if they did this in front of the cameras? >> i actually think it should be one extreme or the other. they should either lock them behind closed doors until they get something done, let them hash it out, and then come out and announce the deal that we're not going to go over the fiscal cliff, or put everything on television. because i don't think i thought i would ever say this, but i do agree with grover nordqvist that this could give a hint about what each party is doing and who they are protecting. i think the democrats and the president would come out looking good on this, because from the very beginning they have said that they want to protect the middle class, extending middle class tax cuts. frankly, t
Search Results 0 to 3 of about 4